Reported 2 months ago
A federal judge has ruled that Google, a subsidiary of Alphabet, engaged in monopolistic practices to maintain its dominance in the internet search market. Judge Amit P. Mehta stated that Google acts as a monopolist, charging supracompetitive prices for advertisements, which allows it to earn excessive monopoly profits. The ruling follows a case filed by the US Justice Department arguing that Google's payments to web browser companies to be their default search engine were anti-competitive.
Source: YAHOO